| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Australian Dollar has surged by 2.38% against the New Zealand Dollar since February 2. The currency pair is currently trading in a narrow ascending channel pattern during the past two weeks.
All things being equal, the exchange rate is likely to continue to edge higher in the narrow ascending channel pattern during the following trading sessions. The potential target for bullish traders would be at the 1.0900 level.
However, given that the currency exchange rate is currently trading near the lower boundary of the ascending channel pattern, a breakout could occur within this week's trading sessions.